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SPX - Spirax-Sarco Engineering News Story

10865p -60.0  -0.5%

Last Trade - 1:55pm

Sector
Industrials
Size
Large Cap
Market Cap £8.06bn
Enterprise Value £8.42bn
Revenue £1.22bn
Position in Universe 133rd / 1809

BRIEF-Spirax-Sarco Engineering Says Sales, Adj. Operating Profit In Four Month Period Were In Line With Expectations

Wed 18th November, 2020 7:28am
Nov 18 (Reuters) - Spirax-Sarco Engineering PLC  SPX.L :
    * SPIRAX-SARCO ENGNG  - TRADING UPDATE
    * SPIRAX-SARCO - COMPARED WITH SAME PERIOD OF 2019, GLOBAL
INDUSTRIAL PRODUCTION WAS DOWN 4% IN Q3, A STRONG IMPROVEMENT ON
12% CONTRACTION IN Q2
    * SPIRAX-SARCO - ORGANIC SALES DECLINE IN FOUR MONTHS TO END
OF
OCTOBER WAS LESS PRONOUNCED THAN IN FIRST HALF OF YEAR
    * SPIRAX-SARCO - GROUP OPERATING PROFIT MARGIN WAS HIGHER IN
FOUR
MONTHS TO END OF OCTOBER THAN IN FIRST HALF OF YEAR
    * SPIRAX-SARCO - SALES AND ADJUSTED OPERATING PROFIT IN FOUR
MONTHS TO END OF OCTOBER WERE IN LINE WITH EXPECTATIONS AT TIME
OF OUR HALF YEAR RESULTS
    * SPIRAX-SARCO - OVERALL EXPECTATIONS FOR FULL YEAR REMAIN
UNCHANGED

Source text for Eikon:  ID:nRSR6502Fa 
Further company coverage:  SPX.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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